What is Indonesia’s standing in global tourism?
Bali is Indonesia’s tourist juggernaut; a tropical island whose unique Hindu culture and natural beauty entranced a generation of artists in the early 20th century and fuelled the development of a tourism industry virtually unmatched in South-east Asia.
Indonesians are among the most connected people on earth. They are the largest group of Facebook users and eager adopters of mobile apps like ride-sharing service Go-Jek and e-commerce marketplace app Tokopedia, which achieved growth of 600% in just two years, between 2011 and 2013. Out of a population of over 250m people, some 72.7m...
For decades, Singaporeans and Malaysians were the leading visitors to Indonesia, but as the government embarks on plans to increase the number of tourists and the industry’s contribution to GDP, it is looking beyond its South-east Asian neighbours. Top of its list is China, home to more than 1bn people. According to market research group GfK,...
The retail real estate sector is fast becoming one of the most intriguing property segments within Indonesia as the industry continues its evolution away from traditional markets and towards modern retail outlets. The increasingly affluent and globally minded population is creating growing demand for contemporary shopping experiences....
Although investment in the sector is still on the rise, Indonesia’s real estate sector is cooling in 2016 after several years of rapid growth, as muted economic expansion impacts consumer purchasing power and new project development. Despite recording moderate recent increases in sales and prices, residential growth has slowed from the double-...
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